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2. How To File Self-Employment Taxes: A Step-By-Step Guide - AOL

   www.aol.com/file-self-employment-taxes-step...

   Part of your self-employment tax: Reduces your adjusted gross income and is typically 50% to 57% of your self-employment tax. Self-employed health insurance deduction: Might allow you to deduct ...

3. How To Pay Taxes as a Freelancer - AOL

   www.aol.com/finance/pay-taxes-freelancer...

   Part of your self-employment tax: Reduces your adjusted gross income and is typically 50% to 57% of your self-employment tax. Self-employed health insurance deduction: Might allow you to deduct ...

4. How To File Self-Employment Taxes: A Step-By-Step Guide - AOL

   www.aol.com/news/pay-taxes-freelancer-210015285.html

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5. How Much Is Self-Employment Tax? - AOL

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   The self-employment tax is comprised of two taxes: the Social Security tax and the Medicare tax (also known as the FICA tax). As of the tax year 2023, the FICA tax rate is 15.3% — that’s 12.4% ...

6. 5 Must-Do Tasks to Prepare to File Your Side Hustle Taxes - AOL

   www.aol.com/finance/5-must-tasks-prepare-file...

   The first time you pay taxes on your self-employment income, you may notice that your taxes are much higher. ... Self-employment tax, the employer and employee portions of Social Security and ...

7. Misclassification of employees as independent contractors

   en.wikipedia.org/wiki/Misclassification_of...

   These taxes are generally not paid by the employer on the compensation of a worker classified as an independent contractor. Instead, the contractor is responsible for their employer's share of the taxes when paying self-employment taxes at the end of the year. [2] Classification affects whether a worker can receive unemployment benefits.